ALD Automotive, the global leasing and fleet management provider, has acquired Dutch leasing company SternLease from its parent company Stern Group, the Dutch automotive retail and services provider.
SternLease has a fleet of around 13,000 vehicles rented to SMEs and private individuals in the Netherlands.
It provides leasing services through direct sales and through Stern Group’s network of 85 local dealerships.
Mar 21, 2019
ALD Automotive, the global leasing and fleet management provider, has acquired Dutch leasing company SternLease from its parent company Stern Group, the Dutch automotive retail and services provider.
SternLease has a fleet of around 13,000 vehicles rented to SMEs and private individuals in the Netherlands.
It provides leasing services through direct sales and through Stern Group’s network of 85 local dealerships.
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The low-cost benefits of personal leasing are generating a change in attitude among consumers that could see it supersede traditional finance options such as hire purchase or personal contract purchase, according to Concept Vehicle Leasing.
Paul Bulloch (pictured), managing director of Concept Vehicle Leasing, made the claim following the publication of British Vehicle Rental & Leasing Association figures that showed a leap in demand among consumers.
Last year, the number of personal contracts for cars held among BVRLA members was more than 1.8 million, a rise of 14% year-on-year.
Mar 21, 2019
The low-cost benefits of personal leasing are generating a change in attitude among consumers that could see it supersede traditional finance options such as hire purchase or personal contract purchase, according to Concept Vehicle Leasing.
Paul Bulloch (pictured), managing director of Concept Vehicle Leasing, made the claim following the publication of British Vehicle Rental & Leasing Association figures that showed a leap in demand among consumers.
Last year, the number of personal contracts for cars held among BVRLA members was more than 1.8 million, a rise of 14% year-on-year.
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Leasing leaders have been urged to challenge the status quo and actively search for new business ideas as they define the future of finance, during a new forum designed to inspire innovation in the industry.
James Alexander (pictured), co-founder of disruptive finance company Zopa, the world’s first peer-to-peer lender, said executives needed a single-minded drive to see ideas succeed.
Speaking at the inaugural Leasing Foundation Innovation Initiative breakfast debate, he added that perspective is critical.
“If you stand in the present and look forward, you can just see barriers and obstacles; if you stand in the future and look back, it becomes apparent what has to change,” he said.
Mar 15, 2019
Leasing leaders have been urged to challenge the status quo and actively search for new business ideas as they define the future of finance, during a new forum designed to inspire innovation in the industry.
James Alexander (pictured), co-founder of disruptive finance company Zopa, the world’s first peer-to-peer lender, said executives needed a single-minded drive to see ideas succeed.
Speaking at the inaugural Leasing Foundation Innovation Initiative breakfast debate, he added that perspective is critical.
“If you stand in the present and look forward, you can just see barriers and obstacles; if you stand in the future and look back, it becomes apparent what has to change,” he said.
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Many progressive captive finance organisations have a regional expansion strategy to deliver on their shareholder and customer expectations.
Shareholders expect to see an increased ROE from regional expansion through incremental sales and services volumes. Customers, who have a wide regional presence, expect the vendor organisation to provide an extensive range of products and services across multiple countries.
An ambitious and well-planned captive expansion strategy can provide the platform to satisfy both the shareholder and customer demands.
In supporting the OEM, as well as its partners and customers, a captive organisation’s growth strategy typically includes the expansion of financing capabilities into new countries.
Mar 21, 2019
Many progressive captive finance organisations have a regional expansion strategy to deliver on their shareholder and customer expectations.
Shareholders expect to see an increased ROE from regional expansion through incremental sales and services volumes. Customers, who have a wide regional presence, expect the vendor organisation to provide an extensive range of products and services across multiple countries.
An ambitious and well-planned captive expansion strategy can provide the platform to satisfy both the shareholder and customer demands.
In supporting the OEM, as well as its partners and customers, a captive organisation’s growth strategy typically includes the expansion of financing capabilities into new countries.
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Online payments giant PayPal increased funding to UK SMEs through its working capital arm to £1 billion last year, an increase of 60%.
The rapid increase in advances comes as traditional bank lending to SMEs remains flat, according to figures released by the UK government.
PayPal attributes its success to technology and its extensive data insights from the accounts of applicants that use its platform, which allows it to bypass the lengthy application process of traditional business finance.
Mar 20, 2019
Online payments giant PayPal increased funding to UK SMEs through its working capital arm to £1 billion last year, an increase of 60%.
The rapid increase in advances comes as traditional bank lending to SMEs remains flat, according to figures released by the UK government.
PayPal attributes its success to technology and its extensive data insights from the accounts of applicants that use its platform, which allows it to bypass the lengthy application process of traditional business finance.
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Hyundai Motor Group has announced a $300 million investment into Uber-rival Ola, as the car manufacturer expands into providing mobility solutions and related fleet services.
The agreement will see Hyundai, Kia and Ola collaborate on developing fleet and mobility solutions by building India-specific electric vehicles and support services, as well as helping Ola attract new drivers to the platform.
As part of the strategic collaboration, the companies will jointly develop services to operate and manage the Ola fleet, as Hyundai Motor Group expands its operations from automobile manufacturing and sales to mobility services and total fleet solutions.
Mar 19, 2019
Hyundai Motor Group has announced a $300 million investment into Uber-rival Ola, as the car manufacturer expands into providing mobility solutions and related fleet services.
The agreement will see Hyundai, Kia and Ola collaborate on developing fleet and mobility solutions by building India-specific electric vehicles and support services, as well as helping Ola attract new drivers to the platform.
As part of the strategic collaboration, the companies will jointly develop services to operate and manage the Ola fleet, as Hyundai Motor Group expands its operations from automobile manufacturing and sales to mobility services and total fleet solutions.
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